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're not directly getting at that. >> i think the carbon tax makes enormous sense to do with the environment impact of energy use. you can design one in a way that does not cause too much harm for american industries that compete with folks abroad. consumption tax, there are things you can do to treat the income tax to make it look more like a consumption tax. >> i want each of you to give me your thoughts at the end of the day, what do you think the tax code will look like with his conversations between the cop -- between the president speaker boehner are done? >> i think we will have slightly higher marginal tax rates on some high-income tax -- and these 1 high income tax payer. i think there will be a variety of tax exclusions and deductions that are scaled back modestly. >> if scaled-back means capped in some way, i agree completely. rex i think we will see some of those things will back. the top rate will be either 39.6 or 35. it will be somewhere in between. >> we have some common ground here among our economists. thank you, a gentleman for joining us. thank you all. i appreciate the peterson
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